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him the 10% president. that is what he spiax responsibility for the deficit and libya is still raising more questions for the white house. it could have been stopped? >> paul: welcome to the journal editorial report. i'm paul gigot. you'll eyes were on ohio this week as they both hit the buckeye state hard. hoping to put 18 electoral votes in their col >> paul: politics poll real lot of attention to polls because it depends on what they take and the sample. these guys have been in ohio and they should start paying income tax. this thing is as close can be they both wouldn't be here. i expect this to go down to the wire. we are always a swing state. it will be very close. >> paul: so the democrats are saying one of big things that is helping the spent the auto bailout. is that how you lead to to help the president? >> look, we're up 123,000 jobs over the last year and three-quarters. we're actually according to the bureau of labor statistics down 500 jobs, auto jobs in ohio. the situation. chrysler has expanded and ford and gm have shrunk their footprint but we stabilizing. auto industr
the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the biggest deficit in american history? >> it wasn't the biggest and he didn't inherit it. world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. >> february 2009 that president obama doesn't want to tak
the deficit by $4 trillion and raise the taxes on the wealthy. that means nothing in an economy where we would be running more than $1 trillion the annual deficit. mitt romney needs to come out and just do the arithmetic for people. the average american understands state of this economy. the banks on wall street monday doing good,. ashley: case in point. ohio, which is a very important swing state, if you look at their personal income since december 2007, it has risen a whopping 2.1%. in nearly five years. mr. obama has a lead not. >> yes, the pools are an open question. i don't buy it, but i'm not a professional pollster. i think we do raises another interesting point. which is what this administration promises, we did not promise certain things -- but he promised that he would have the deficit, and where are we? the deficit has doubled and the president said that he would reduce the cost of health care. that has gone on. ashley: the numbers are there. let's bring in our next guest. he talks about the need for economic patriotism. >> given how many times we have heard people from the left ref
beating a drum about the deficit which is important but when you look at the concerns of american, let's look at the top five concerns. one, the economy. two, jobs. three, health care. four, education. five was the budget deficit. so no one's minimizing the importance of the deficit but there really is not a program that deals with the other four and they are using extreme measures and cutting up various entitlements and americans that want to deal with the deficit. >> i think what happened in 2010 and democrats in a way allowed this to happen is that the republicans succeeded in making the deficit a central issue and a stand in for people's economic worries across the board. >> right. >> i think now it's much clearer to people that these two things are related but they are quite separate and there are moments when balancing the budget or cutting spending on things like schools and public safety can actually make unemployment worse. i think something else important has happened, which is the health care law was very unpopular on election day back then. the health care law is gaining gr
that going for him. who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not be enough time to do enough shots with enough intoxicated fans before voting starts in ohio tomorrow. so if his running mate is no use, how about a boost from the other person mitt's proposed to, his wife, ann. surely she can provide the comfort and confidence that mr. romney needs to fire up his bid for the presidency. >> my biggest concern obviously would just be for the -- his mental well-being. >> wait? what? mrs. romney, that's not helping. you better finish the thought. >> i have all the confidence in the world in his ability, in his decisiveness, in his leadership skills, in his understanding of the economy, in his understanding of what's missing right now in the economy, you know, the pieces that are missing to get this jump started. so for me i think it would be the emotional part of it. >> right. he's capable, decisive, and emotionally troubled? well, that is an october surprise. let's get right to our panel th
% growth in gdp. what he's referring to the fact we're not going to let this increase the deficit. and so the growth in revenues as a result of the economic growth is going to pay for that in part, and we're also going to make the tax system flatter and fairer and simpler which is something else conservatives have wanted, which is also pro-growth. and that's the part the governor is emphasizing. >> he says don't expect any big tax cuts. first of all, you guys ought to pledge to the middle class those middle brackets. i'm not talking about the upper. the upper should lose their tax deductions and everything should be on the table. but i'm talking about the brackets that are around 15% to 28%, jim. that's where the take home is going to rise. you ought to say we're going to leave your deductions alone. we're going to take it out of the high of the upper income people because we're giving them a big tax cut. the middle class, he shouldn't even suggest they're going to be tax deductions. i wrote a column about this. i said use reagan's slogan. use reagan's slogan. all right. take-home pay, th
on handling the deficit and joblessness, but trails on virtually every other big issue, including medicare, taxes and foreign policy. keeping them honest, when it comes to some of those issues, both candidates have come up short either on specifics or credibility. issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's running mate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >> chris wallace kept trying but came away empty-handed. he's not the only one. take a look. >> which of the deductions are you going to be willing to eliminate? which of the tax credits are you going to -- when are you going to be able to tell us that? >> we'll go through that process with congress. >> give me an example of a loophole that you will close. >> i can
came in office. i inner hadited the biggest deficit in our history. the last four years it went up and 90 percent is consequence of two wars that were not paid for and tax cut that is were not paid for . prescription drug plan not paid for and worst economic crisis since the great depression. that accounts for 10 percent of the increase in the deficit. >> brian: front page of the new york times. stuart rather thaney it is over one trillion. every budget when they do the math he is over budget by a trillion dollars. >> gretchen: he said 10 percent. wars and the horrible recession he was begin that only accounts for 10 percent. >> yes. >> gretchen: what about the other 90 percent? >> steve: george bushes fault? >> gretchen: i am anding a question. >> you are exposing the attitude of the establishment media to all of president obama and his economic record. break it down. the president said i am only 10 percent responsible for a massive accumulation of debt. he is a big spender, a very big spender and that's the principle reason why we have a massive deficit of trillion a year. he has
in deficits. >>> hundreds of mexicans are involved in the fast and furious. this is a terrible story, hundreds of mexicans may be involved. should attorney general holder be fired immediately over this new information? >>> the ism signals no recession, that's good. but is the obama-bernanke qe stimulus plan going to bail out the president in this election and what about down the road, does it give us a huge inflationary bubble? lee munson, he's chief investment officer of a port folio. you have got the feds blowing smoke and water and money at the stock market. we did have a good manufacturing report today, i like that because that's good for america. a lot of stuff that's not so good like jobs or unemployment. are you a bull or a bear? do you believe the market's going to go up or down? >> i believe it's going to go up, but the ism report, earlier this year we had bad job numbers and the market could lose steam going into the election, job numbers started to pick up all of a sudden, this manufacturing thing has been put to rest and it's going to alou us to focus more on this election. >> are
to the same standard as well. >> first of all, we have a deficit plan, it's got health care savings. romney doesn't have a deficit plan. he's got a plan to cut taxes for millionaires and billionaires. he's got a 5 trilli$5 trillion. -- another $2 trillion in defense spending. >> just three days into the first presidential debate, meanwhile mitt romney is off to the trail. we have two reports, we begin with nbc's peter alexander, he's with the romney campaign in boston, with a good morning to you, peter. what are you hearing about all the debate preps today. he o'clock najs that this is an important opportunity in her debate. people have a tendency to focus on the small things, like the color of a candidate's tie or the dramatic one liners, which is his need to get across the big picture message. he says if he does that, he thinks he can be effective over the course of the next three debates and ultimately win this thing. we heard this morning from governor chris christie of new jersey, i want to play you another clip from new jersey this morning. chris christ >> and so they're going start t
his stances around immigration. here is a candidate looking at a huge deficit in some of these swing states, deficits among hispanics, deficits among women. he's got to make ground up in this 90 minutes. it's not a long time. he has to please republicans who have been calling for him to get more specific in terms of his plans around tax reform and all sorts of other ideas he has. he has a real tall order going into this debate. >> governor romney is dogged about the 47% remark. i want to show the interview he did this week with a local affiliate. >> if you could go back to that fund-raiser, would you have said it differently? >> it's difficult for me to know how they will cobble 51% of the people. i'm going to be a president for the 100% of the people. i demonstrated throughout my life. >> the question should be if you could go back, would you sweep that room for cameras to make sure you weren't being recorded. will that answer be enough when asked about this? as he is sure to be asked about this tomorrow night. >> i'm sure, obviously, that was a very inartful statement he said. i'm
getting a handle on the deficit. also president obama has been hammering away at romney's tax plan arguing it will add to the deficit. romney has called for cutting all tax rates by 20%. he also wants to eliminate taxes on capital gains and dividends for families who make less than $200,000. there was an independent analysis done by the nonpartisan tax policy center and it did find that romney's plan would drop tax revenues by $5 trillion. but romney has promised he won't add to the deficit because he'll pay for any tax cuts by limiting deductions for taxpayers especially the wealthy. so this isn't really a major break from what he said before. he's just kind of shifting the emphasis, playing up a different part of his plan. >> so deductions. what deductions would mr. romney limit? >> now, that is the $5 trillion question. we tonigdon't know. he has hinted he may scale back the mortgage deduction for wealthy homeowners. think about how many tax deductions are out there. charitable giving, he state and local taxes. it won't be politically easy to scrap any of them because they're popular. s
the deficit or popular deductions. >> you're the master of the budget. so briefly let's go through the plan. the obama plan says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. look, this just goes to show, if you for tur statics enough, they will confess enough to what you want them to say. >> how much would it cost? >> it's revenue neutral. >> i'm not talking about the cut. we'll get to the deductions. but the cut in the tax rates. >> the cut in tax rates is lower all american tax rates by 20%. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. >> that's where i'm going. >> i'm going to get to that in a second. >> lowering the tax base works and you can. >> let me just -- you haven't given me the math. >> look, i don't have the -- it would take me too long to go overall of the math. >> it would take too long to do the math? this isn't a pop quiz. it's a presidential election. even the conservatives are fed up with the lack of deta
.s. team at the 39th ryder cup. this was aufrl. the europeans roaring bang from a 10-4 deficit late saturday to take a tuning 14 1/2 to 13 1/2 point win. germany's martin kaymer sank a putt on the final hole to seal the victory. honestly it was all lost well before that. europe has won the seven out of the last nine ryder cups. and soledad i don't know if you had a chance to watch this debacle. a debacle embarrassing. >> yes, it was killing my poor husband. all right, john, thank you. >>> back to our top story this morning. two days until the first presidential debate. both candidates are getting last-minute preparations. "the new york times" reporting that mitt romney is coming armed on wednesday night, writing this, mr. romney's team has concluded the debates are about creating moments and has equipped him with a series of zingers that he's memorized and habeen practicing on airds since august. president obama responded to that report last night with this. >> i know folks in the media are speculating already on who's going to have the best zingers. i don't know about that. who's g
any issue, including the economy where he's at a six-point deficit to the president. six points on the economy? oh, my ohio. mitt romney knows that's trouble. and in a brand new ad one reason is clear, as romney plays face the camera doing his best damage control over that 47% video. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> and, cut. very good. that was marginally convincing. maybe a little more -- tell you what here's an example of a politician speaking this afternoon in bowling green with genuine authenticity and commitment. >> my opponent may think it's fair that someone who makes $20 million a year like he does pays a lower rate than a teacher, i disagree. i don't think that's fair. i don't think it helps grow our economy. i refuse to ask middle class families to give up their deductions for owning a home or looking after their kids just to pay for another millionaire's tax cuts. we're not going to do that. >> dear me. did we mention ohio voting starts in
tax rates 20%, as you said, keep the budget deficit from getting larger, and protect the middle class from any tax increases. well, look, if you're going to cut taxes and you're going to be revenue neutral about it, that is not increase the budget deficit, that means somebody is going to have to pay more to offset the fact that somebody is paying less. >> and who is going to pay more? >> well, what mitt romney initially said was that we will just -- we'll get that from the top 1%. we'll get that from wealthy folks. well, that's where the arithmetic comes in. if you look at all of the deductions, you sum them all up, every single tax deduction going to those high-end folk, they don't make up the difference. it's not enough to offset the rate cuts. so you'd have to go to the middle class. >> okay. well, ryan and romney are fond of bragging about how they'll be tough on issues. once again we give you the candidate. >> we'll also take medicaid as well as housing and food stamps, we'll take the dollars that are going in those programs, return them to the states where they'll grow at the ra
'm sure you didn't miss it. 15-point deficit for mitt romney. i'm guessing you'll argue with some parts. >> i'm not going to argue with it at all. do you really believe it's right? let me test your political wisdom. do you think it's possible for that to be right? you know it's a piece of garb e garbage? >> this is a good pollster, but you can argue that it's not 15%. do you believe mitt romney is behind in new hampshire? >> no, i believe it's head to head in new hampshire. and i've seen enough other polls to tell you that is a piece of garbage. this race in new hampshire will be won by mitt romney by two to three points. i'm willing to say that publically and stick by it and i know that it that poll of 15 points is absolutely invalid. >> every sort of professional poll i have seen of campaigns, though, all seem to have barack obama ahead and the big issue in new hampshire has been the gender gap with moderate women who may be the republicans fiscally but uncomfortable on social issues. you have had to navigate that before. that's always an issue for new hampshire republicans. how does
-point deficit to the president. six points on the economy? tt rney kha. trouble. and in a brand new ad, one reason is clear, as romney plays face thecamera, doing his best damage control over that 47% video. >> president obama and i both care about poor and middle class e difference is, my policies will make things better for them. >> and, cut. very good. that was marginally convincing. maybe a little more -- tell you what, here's an example of a politici speaking this nuauti an in bowlingreen wit come >> my opponent may think it's fair that someone who makes $20 million a year, like he does, pays a lower rate than a teacher, i disagree. i don't think that's fair. i don't think it helps grow our economy. mi t give up their deductions for owning a home or looking after their kids just to pay for another millionaire's tax cuts. we're not going to do that. >> dear me. diwe mention ohio voting starts in sidays? i'm delht to be joined now by former ohioer t strickland with us from columbus. good afternoon, sir. >> good afternoon. >> governor, there is still plenty of time for mr. romney to make
. expected to include deep public service cut yakz trying to off set one of the worst deficits in the euro zone. outrage over austerity measures touched off violent protests in several countries fleent days across europe. let's take an early look at the markets as we get all up in your business this morning. karen cho is live in london. good morning. >> good morning. the key question for markets is when spain will request a formal bailout which puts a lot of pressure on today's news conference. we get a close look at the 2013 budget. what revenue and spending is going to look like? you mentioned froests on the streets. this tells you how difficult it at home for the prime minister to push through further austerity. there will be more austerity and more on the table today. the spanish prime minister tries to push the measure that these are homespun, homegrown reforms rather than ones pressured about it euro zone. in terms of what to expect, should be a new tax oversight body. we'll hear news about that today. limitations on early retirement. we're seeing that across the euro zone. retiremen
the president not spending enough in outer space. this is mr. the deficit is coming to eat your grandchildren, but that's okay. because we should still be going to the moon to keep the chinese from being space station there. they are going to build a toy store there. and mitt romney is going to send all the work there. he is a remarkable guy, he is very capable of sending your job to china and making his money. >> stephanie: yeah exactly. love your headlines, scott brown will not be bullied by a girl from harvard. the only clips i saw was him bringing up her heritage over and over again. >> i think he's making a little bit of headway -- you know making her explain what she did for asbestos companies. it helped the asbestos workers, but you have to understand bankruptcy law to understand how it did that and you can't make a commercial out of that. the whole you make $350,000 to teach one course -- well he has been to law school. he knows how law schoolworks. >> stephanie: exactly. >> that line of attack is completely dissident from the line he sold to the country for three year
trade action. we went from a billion-dollar trade deficit to $10 billion over the last ten years. that's a lot of job loss and a lot of jobs we could start to regain with with we enforce the rules that china clearly is cheating. they subsidize capital and energy and land and water. they don't play fair on currency. we stand up to them, it means good jobs and it will create a middle class in ohio. >> in your own campaign in ohio, as i mentioned in the introduction, you've raised money for your own campaign. your opponent has raised not sis similar amounts. the big difference is outside money that's coming in on his behalf. you're being outspent 4 to 1 when you look at the numbers. why are these groups from outside your state so interested in seeing you lose, a, and b, why do it in ohio when there's a premium on ad dollars because the presidential campaign is spending money? >> their money may be unlimited. and they are going after me because it's dark money. we don't know for sure who it is. we think it's the oil industry because of my efforts to take on the oil companies and the subsid
lots of money. in fact, we didn't have even have a deficit. >> ill. >> bill: bill then when when we ran into trouble president bush lowered the cap gains and then we got out of trouble because more money came in. and led to the highest amount of federal tax revenue in history, juan. >> did we get out of trouble? >> bill: no, no. no. because we had the wars and we had the war on terror and all of that. but the facts are the facts. highest amount of tax revenue ever flowing into washington came under president bush when he lowered the capital gains tax. now, mary katharine, am i misguided here? am i misstating something here? >> no. i think you are right. i mean, barack obama is proposing through and he has through the buffet deal before that we should basically jack up the capital gains tax which would discourage investment. >> bill: you are disagreeing with juan. >> and furthermore barack obama was asked about this in a debate with hillary clinton in 2008 where the moderator said it has been shown tax revenue goes up when the capital gains rate is lower. isn't that something you would b
the world. part of the budget reform hike taxes on the wealthy to reduce france's deficit amidst all of. calling for 7 a% tax on the super rich. aruba, sweden and denmark and netherlands have the highest tax rates between 50 and 60%. u.s. caps income tax rates currently at much lower 35%. critics say france's proposed hikes will back fire by putter hurting businesses. police in canada busted three men, including one current and one former police officer for smuggling cheese and other foods across the border cost more in canada than the lower 48. suspects bought $200,000 of the stuff buffalo, new york. drove some 22 miles into canada without declaring it to customs. sold it to canadian restaurants and made more than $165,000 in profit. off cheese. one day after israel's prime minister netanyahu drew a red line. he spoke about the iranian nuclear threat. we will have details from both phone calls. word of another football bounty scandal. but not in the nfl this time. peewee wait until you hear this. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance spee
collapse by the u.s. at the 39th ryder cup. the europeans roaring back from a deficit to stage a breathtaking 4 1/2 to 13 1/2 point win. sinking a five-put putt to seal the victory. europe's tseventh victory. >> we have to listen to peiers morgan now. >>> and the super bowl champion new york giants lost to the eagles and the eagles undefeateda dramatic win against the panthers. featuring two long bombs by matt ryan in the closing minutes. extraordinaire. >> i can't believe you watched it. >> amazing powers and inabilities to watch sports even if it means sacrificing sleep. >>> another water cooler topic. arnold schwarzenegger puts himself in the hot seat answering questions about his failed marriage, his affair, his love child, and the fact that he performed same-sex marriages while in office. we're going to hear directly from arnold, coming up next. >> big. ♪ well, he's not very handsome ♪ to look at [ sighs ] ♪ oh, he's shaggy ♪ and he eats like a hog [ male announcer ] the volkswagen jetta. available with advanced keyless technology. control everything from your pock
Search Results 0 to 49 of about 80 (some duplicates have been removed)